The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued a Special Bulletin in October 2024 highlighting the role of the legal profession in facilitating money laundering, terrorist financing, and sanctions evasion. While most legal professionals conduct legitimate transactions, their specialized knowledge and services, such as managing trust accounts, facilitating real estate transactions,…
Solicitors Regulation Authority of England and Wales issues financial sanctions guidance
The focus on how UK businesses interact with those connected to certain countries and organisations – and the Government’s sanctions regime – has increased since the Russian invasion of Ukraine. There have been a number of changes to the regime, so the Solicitors Regulation Authority (SRA) has published guidance to help law firms in England…
The Legal Services Regulatory Authority of Ireland have issued guidance on EU sanctions regarding Russia
The Irish Legal Services Regulatory Authority has issued guidance in accordance with new EU sanctions on Russia relating to the invasion of Ukraine. The guidance is to ensure Irish barristers are up to date on issues relating to anti-money laundering and sets out the obligation on legal practitioners relating to sanctions on Russia and Belarus….
The Bar Standards Board of England and Wales has welcomed the new sanctions guidance announced by the Bar Tribunals and Sanctions Service
The Bar Standards Board of England and Wales has welcomed a new sanctions regime brought in by the Bar Tribunal and Sanctions Service. The new sanctions will be used by Disciplinary Tribunals and by the BSB’s Independent Decision-Making Body in deciding what sanctions to bring against barristers found to have committed professional misconduct. The new…
The Bar Standards Board of England and Wales has welcomed the new sanctions guidance announced by the Bar Tribunals and Sanctions Service
The Bar Standards Board of England and Wales has welcomed a new sanctions regime brought in by the Bar Tribunal and Sanctions Service. The new sanctions will be used by Disciplinary Tribunals and by the BSB’s Independent Decision-Making Body in deciding what sanctions to bring against barristers found to have committed professional misconduct. The new…